So the customers pulled out their money in droves. It had to sell a bunch of investments that had lost value as interest rates rose.

So Silicon Valley, as you’ll remember, had planned pretty poorly for rising interest rates. I think that what happened at First Republic was sort of a slow-motion reaction to what happened at Silicon Valley Bank, that first bank that failed. So tell us about why first Republic Bank ultimately went under. And it was even bigger as a bank than the previous two that failed. In fact, a third bank, First Republic Bank, collapsed. And after these two banks had failed, Silicon Valley Bank, then a couple of days later Signature Bank, the hope, and I’d say the expectation, was that this crisis might be over. So, Jeanna, another day, another bank failure. Today, I speak with my colleague, Jeanna Smialek, about whether we’re at the end of this banking crisis or the start of a new phase of financial pain. On Monday morning, the federal government took over a third failing bank, this time, First Republic. michael barbaroįrom “The New York Times,” I’m Michael Barbaro. Please review the episode audio before quoting from this transcript and email with any questions. While it has been reviewed by human transcribers, it may contain errors. This transcript was created using speech recognition software. Now What? The seizing of First Republic by regulators could signal the end of the banking crisis. 'synopsis' may belong to another edition of this title.Transcript A Third Bank Implodes. And so she must make the ultimate choice: surrender to War and watch humankind fall, or sacrifice everything and stop him. However, if there’s one thing Miriam has learned, it’s that love and war cannot coexist. But there’s another side to him, one that’s gentle and loving and dead set on winning her over, and she might not be strong enough to resist. Now Miriam faces a terrifying future, one where she watches her world burn town by town, and the one man responsible for it all is her seemingly indestructible “husband”. But when the massive and terrifying horseman corners Miriam, he calls her his wife, and instead of killing her, he takes her back to his camp. There is no surviving this, especially not once Miriam catches the eye of War himself. Houses are burning, the streets run red with blood, and a traitorous army is massacring every last resident.

The day Jerusalem falls, Miriam Elmahdy knows her life is over. They came to earth, and they came to end us all. Four horsemen with the power to destroy all of humanity. They came to earth-Pestilence, War, Famine, Death-four horsemen riding their screaming steeds, racing to the corners of the world.

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